Calculate the following trade discounts and trade discount rates. Round answers to the nearest tenth of a percent.
List Price | Trade Discount | Trade Discount Rate | Net Price |
La Bella, a chain of clothing boutiques, purchased merchandise with a total list price of $25,450 from Sandy Sport, a manufacturer. The order has a trade discount of
a. What is the amount of the trade discount?
b. What is the net amount LaBella owes Sandy Sport for the merchandise?
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